Japan Economy News Today, December 3, 2025: Services PMI Strengthens as Bond Yields Hit 17‑Year High and BOJ Eyes Rate Hike
Japan’s services sector expanded for an eighth straight month in November, with the S&P Global Services PMI rising to 53.2. Manufacturing remained weak but showed signs of stabilizing, as the PMI improved to 48.7. Bond yields hit their highest since 2008 amid expectations of a Bank of Japan rate hike. Government stimulus and tax breaks are moving through the economy after a recent GDP contraction.